1,593 Shares in Watsco, Inc. (NYSE:WSO) Acquired by Trust Point Inc.

Trust Point Inc. acquired a new stake in shares of Watsco, Inc. (NYSE:WSO) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,593 shares of the construction company’s stock, valued at approximately $755,000.

Several other large investors have also made changes to their positions in the business. FMR LLC boosted its holdings in Watsco by 10.6% in the third quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock valued at $1,782,651,000 after purchasing an additional 346,470 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Watsco by 48,984.7% in the third quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company’s stock worth $114,924,000 after buying an additional 233,167 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Watsco by 2,128.1% during the third quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company’s stock worth $52,880,000 after acquiring an additional 102,640 shares during the period. State Street Corp raised its position in Watsco by 5.9% during the third quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock valued at $577,350,000 after acquiring an additional 65,846 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Watsco by 9.9% in the third quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company’s stock valued at $345,783,000 after acquiring an additional 63,254 shares during the period. 89.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WSO shares. Northcoast Research initiated coverage on shares of Watsco in a report on Friday, November 22nd. They set a “neutral” rating for the company. Robert W. Baird decreased their price objective on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Raymond James assumed coverage on Watsco in a research report on Friday, January 17th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Watsco has an average rating of “Hold” and an average price target of $488.33.

Insider Buying and Selling

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.86% of the company’s stock.

Watsco Stock Performance

Shares of NYSE WSO opened at $474.55 on Wednesday. The firm has a fifty day moving average of $496.47 and a 200 day moving average of $492.30. The firm has a market cap of $19.16 billion, a PE ratio of 36.67 and a beta of 0.95. Watsco, Inc. has a one year low of $373.33 and a one year high of $571.41.

Watsco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $2.70 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.28%. Watsco’s dividend payout ratio is currently 83.46%.

About Watsco

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.